Economics: Difference between revisions
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===== Next a list of things that might motivate an individual to participate in this exchange: ===== | ===== Next a list of things that might motivate an individual to participate in this exchange: ===== | ||
Basic survival need, perceived social need, pursuit of reward, fear of punishment. | Basic survival need, perceived social need, pursuit of financial reward, fear of punishment, pursuit of individual reward. | ||
===== Next a list of various economic models with attempts to point out their strengths and weaknesses. ===== | ===== Next a list of various economic models with attempts to point out their strengths and weaknesses. ===== | ||
Revision as of 10:26, 30 December 2017
For our purposes, the working definition of Economics will be: The exchanging of socially valued items, both concrete and conceptual. This includes but is not limited to; currency, tangible items, services, food, water, housing, ideas, healthcare, real property, stocks, leases, promises of future services, favors, etc.
Next a list of things that might motivate an individual to participate in this exchange:
Basic survival need, perceived social need, pursuit of financial reward, fear of punishment, pursuit of individual reward.
